Last Sold Price
16 beds12,000 sqft$119/sqft
970 Ridge Ave, Scranton, PA 18510

Description

Amazing 10 unit apartment complex within walking distance to geisinger commonwealth school of medicine! This beautiful and elegant apartment complex was built brand new in 2015 by renovating the original factory warehouse at this location. Custom design and quality craftsmanship throughout. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete...Amazing 10 unit apartment complex within walking distance to geisinger commonwealth school of medicine! This beautiful and elegant apartment complex was built brand new in 2015 by renovating the original factory warehouse at this location. Custom design and quality craftsmanship throughout. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete with all appliances and washer and dryer in each unit! Excellent location! Walking distance to Geisinger Commonwealth School of Medicine, Regional Hospital & Moses Taylor Hospital, markets, coffee shops, restaurants and shopping! This is the prime property for the serious investor., Baths: Y
LISTING CLOSED: 09/01/2021 12:00 AM

  1. Listed by Paul Meagher • Brokerage DRE #RB051444C • RE/MAX WAYNE • tim@remaxwayne.com

Property Details for 970 Ridge Avenue

Status
MLS #
21857
Days on Market
77
Taxes
$8,114 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family / Multi Family
Year Built
2015
Lot Size
0.29 AC / 12,632 SF
Architectural Style
Complex
Subdivision Name
None
Has Waterfront
No
Zoning
Multi-Family
Zoning Description
Residential

Location

Listing Courtesy of RE/MAX WAYNE

Sold By NON-MEMBER OFFICE

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Building Information for 970 Ridge Avenue

Stories3Residences10Year Built2015Building Size-Lot Size0.29 AC / 12,632 SF

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Property Information for 970 Ridge Avenue

Summary
Location and General Information
  • Directions: From Waymart: West on Route 6 towards Casey Highway. Continue on Casey Highway for 15 miles. Take I-81 North exit toward Binghamton for 1 mile. Keep right to continue on Exit 188. Turn Left at light onto PA -347 S for about 1 mile. Continue to S Blakely St. Bear right to stay on S Blakely St for .5 mile. Turn right onto Prescott Ave for .5 mile. Left onto Ash St for 1 block to Ridge Ave.
  • Latitude: 41.410368
  • Longitude: -75.640544
  • MLS Area Major: Scranton City
  • MLS Area Minor: Scranton City
  • Township: Central City
Taxes and HOA
  • Additional Parcels Description: 14618080027
  • Association Fee: $.00
  • Parcel Number: 14618080028
  • Tax Annual Amount: $8,113.97
  • Tax Assessed Value: 28250
  • Tax Book Number: 2013018487
  • Tax Other Annual Assessment Amount: $5,250.00
  • Tax Year: 2020
School Information
  • High School District: Scranton School District
Parking
  • Attached Garage: No
  • Garage Spaces: 0.0
  • Parking Features: Paved
  • Parking Total: 15.0
Property
Lot Information
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Lot Size Dimensions: See Additional Info
  • Lot Size Square Feet: 12632.4
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Property and Assessments
  • Below Grade Finished Area: 0.0
  • Building Area Total: 12000.0
  • Living Area: 12000.0
  • New Construction: No
  • Property Attached: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2015
Building Features
  • Number Of Buildings: 1
  • Structure Type: Multi Family
  • Construction Materials: Stone, Vinyl Siding
  • Foundation Area: 0.0
  • Foundation Details: Slab
  • Levels: Three Or More
  • Roof: Shingle
  • Stories: 3
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, Refrigerator, Range
  • Basement: Full
  • Has Basement: No
  • Total Bathrooms: 0
  • Cooling: Central Air
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas, Hot Water
  • Has Heating: Yes
  • Has Spa: No
Multi Family
Multi Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $8,814
  • Fuel Expense: $0
  • Gross Income: $133,500
  • Insurance Expense: $4,267
  • Net Operating Income: $99,478
  • Operating Expense: $.00
  • Other Expense: $982.00
  • Trash Expense: $1,895.00
  • Water Sewer Expense: $7,732.44
Unit Information
Unit 1
  • Beds Total: 1
  • Total Rent: $825.00
Unit 2
  • Beds Total: 1
  • Total Rent: $975.00
Unit 3
  • Beds Total: 2
  • Total Rent: $1,100.00
Unit 4
  • Beds Total: 1
  • Total Rent: $1,000.00
Unit 5
  • Beds Total: 2
  • Total Rent: $1,200.00
Unit 6
  • Beds Total: 1
  • Total Rent: $925.00
Unit 7
  • Beds Total: 2
  • Total Rent: $1,300.00
Unit 8
  • Beds Total: 2
  • Total Rent: $1,200.00
Unit 9
  • Beds Total: 2
  • Total Rent: $1,300.00
Unit 10
  • Beds Total: 2
  • Total Rent: $1,300.00

Property History for 970 Ridge Avenue

DateEvent & SourcePriceAppreciation
Sep 1, 2021

Closed (Public Record)

Public Record #1471196234

$1,425,000

+56.2% / yr

Sep 1, 2021

Closed

Pike/Wayne Association of REALTORS #21857

$1,425,000
Sep 1, 2021

Closed

Greator Scranton Board of REALTORS #21-1063

$1,425,000
DateEvent & SourcePrice
09/01/2021

Closed (Public Record)

Public Record #1471196234

$1,425,000

+56.2% / yr

09/01/2021

Closed

Pike/Wayne Association of REALTORS #21857

$1,425,000
09/01/2021

Closed

Greator Scranton Board of REALTORS #21-1063

$1,425,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 970 Ridge Avenue

Taxable ValueLand$68,850Additions$1,094,380Total$1,163,230
Tax Record2026$186,105 ($15,509 / month)
Home Facts
Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built2015CountyLACKAWANNAAPN14618080028

Schools near 970 Ridge Avenue

This home is within Scranton School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 7 to 12
Private - PK to 10
Rating
School
Distance
William Prescott #38
PublicK to 4

Northeast Intermediate School
Public5 to 8

Scranton High School
Public7 to 12

Friendship House
PrivatePK to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 970 Ridge Avenue, Scranton, PA 18510
$1,425,000
16
12,000
12,632
$43,000
3
6,000
$140,000
2,614
11,500
$176,001
4
1,623
4,791
4,398
7,127
3,914
7,440

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX WAYNE

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Pike/Wayne Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Pike/Wayne Association of REALTORS®. All Rights Reserved.